Workers in the gig economy might gag on the new forms they will be receiving at the end of 2022.
The Biden-era American Rescue Act, rammed home in 2021 by a Democratic-majority Congress, makes a major change in how Americas who are paid through third-party companies are taxed. Companies include Cash App, Venmo, and PayPal, according to the New York Post.
The Internal Revenue Service has a summary of the changes and their implications.